Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$315,925$315,925$436,491
Remaining term (yrs)24.924.930.0
Secondary amount$0$120,566$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%4.852%7.560%
1st payment$1,465.50$1,465.50$2,998.39
2nd payment$0.00$803.77$0.00
Taxes / mo$507.50$507.50$507.50
Insurance / mo$166.67$166.67$166.67
MI / mo$252.63$252.63$87.30
HOA / mo$99.00$99.00$99.00
Total monthly$2,491.30$3,295.07$3,858.86
Cash to close$169,065$48,499$48,499